Range Resources Corporation (NYSE: RRC) is 39.55% higher on its value in year-to-date trading and has touched a low of $4.29 and a high of $11.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RRC stock was last observed hovering at around $9.47 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $12.00 for the next 12 months. It is also 53.25% off the consensus price target high of $20.00 offered by 27 analysts, but current levels are -16.87% lower than the price target low of $8.00 for the same period.
Currently trading at $9.35, the stock is -6.08% and -7.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.04 million and changing -1.27% at the moment leaves the stock 14.78% off its SMA200. RRC registered 111.06% gain for a year compared to 6-month gain of 13.61%. The firm has a 50-day simple moving average (SMA 50) of $10.08 and a 200-day simple moving average (SMA200) of $8.60.
The stock witnessed a -10.18% loss in the last 1 month and extending the period to 3 months gives it a -6.12%, and is 3.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.33% over the week and 6.27% over the month.
Range Resources Corporation (RRC) has around 533 employees, a market worth around $2.42B and $1.78B in sales. Fwd P/E is 8.39. Profit margin for the company is -40.00%. Distance from 52-week low is 117.95% and -19.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.30%).
Range Resources Corporation (RRC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Range Resources Corporation (RRC) is a “Hold”. 27 analysts offering their recommendations for the stock have an average rating of 2.80, where 17 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Range Resources Corporation is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.26 with sales reaching $564.64M over the same period.The EPS is expected to grow by 57.40% this year, but quarterly earnings will post 42.20% year-over-year. Quarterly sales are estimated to grow 30.70% in year-over-year returns.
Range Resources Corporation (RRC) Top Institutional Holders
377 institutions hold shares in Range Resources Corporation (RRC), with 6.48M shares held by insiders accounting for 2.70% while institutional investors hold 96.92% of the company’s shares. The shares outstanding are 240.18M, and float is at 235.66M with Short Float at 12.06%. Institutions hold 94.30% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 37.17 million shares valued at $249.01 million. The investor’s holdings represent 14.32% of the RRC Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 27.12 million shares valued at $181.68 million to account for 10.45% of the shares outstanding. The other top investors are State Street Corporation which holds 15.76 million shares representing 6.07% and valued at over $105.59 million, while Dimensional Fund Advisors LP holds 5.87% of the shares totaling 15.24 million with a market value of $102.09 million.
Range Resources Corporation (RRC) Insider Activity
A total of 15 insider transactions have happened at Range Resources Corporation (RRC) in the last six months, with sales accounting for 0 and purchases happening 15 times.
Range Resources Corporation (RRC): Who are the competitors?
The company’s main competitors (and peers) include Cabot Oil & Gas Corporation (COG) that is trading -14.24% down over the past 12 months. Pioneer Natural Resources Company (PXD) is 108.70% up on the 1-year trading charts. Short interest in the company’s stock has risen 4.37% from the last report on Mar 30, 2021 to stand at a total of 28.43 million short shares sold with a short interest ratio of 5.84.